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Edgewater Wireless joins Canada’s Largest Technology Park
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Rhea-AI Summary
Edgewater Wireless Systems (OTC: KPIFF) has announced the opening of its new headquarters in Kanata, Ontario, effective June 1, 2022. This relocation within Canada’s Largest Technology Park aims to foster innovation and consolidate operations, enabling a collaborative environment for growth initiatives. The company focuses on Wi-Fi Spectrum Slicing technology, designed to enhance service quality and performance. By situating in this technology hub, Edgewater aims to leverage local talent and build advanced laboratory facilities to advance customer engagements.
Positive
Opening new headquarters in Kanata, Ontario, enhances operational consolidation.
Access to top talent and partnerships in a collaborative innovation environment.
Focus on Wi-Fi Spectrum Slicing technology positions Edgewater for growth.
Negative
None.
Opens New Headquarter to tap innovation centre and to advance growth initiatives
OTTAWA, Ontario--(BUSINESS WIRE)--
Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential and enterprise markets, is pleased to announce, effective June 1, 2022, the company’s headquarters opens for business in Canada’s Largest Technology Park.
The move to 11 Hines Road in Kanata, Ontario, Canada, allows the company to consolidate locations to an innovation-focused, collaborative environment to foster its next growth phase and continues its commitment to onshoring its silicon development activities.
“Consolidating our operations in Canada’s innovation centre provides a high-energy, high-tech atmosphere for incubating our new growth initiatives,” said Andrew Skafel, President and CEO of Edgewater Wireless. “Locating in the Technology Park allows us access to some of the industry’s top talent, brings us closer to partners like CMC Microsystems and allows us to build top-tier lab facilities that help progress our customer engagements.”
The Kanata North Technology Park is home to more than 540 technology companies, ranging from start-ups to multinationals, and employing 33,000 people from the Ottawa community and beyond. From autonomous vehicle technologies to smart healthcare solutions and much more, where talent goes, innovation follows. The big news is there is no sign of this growth slowing down anytime soon!
Edgewater Wireless (www.edgewaterwireless.com) is the industry leader in innovative Spectrum Slicing technology for residential and commercial markets. We develop advanced Wi-Fi silicon solutions, Access Points, and IP licensing designed to meet the high-density and high quality-of-service needs of service providers and their customers. With 24+ patents, Edgewater’s Multi-Channel, Single Radio (MCSR) technology revolutionizes Wi-Fi, delivering next-generation Wi-Fi today.
Edgewater’s physical layer SpectrumSlicing allows a frequency band to be divided, or sliced, to enable more radios to operate in a given area. Think of SpectrumSlicing like moving from a single-lane road to a multi-lane highway — regardless of Wi-Fi technology. The recently completed Proof of Concept (PoC) with a major Tier 1 Service Provider showed 7 to 18 times performance gains in 75% of homes surveyed. Interestingly, homes with the most devices saw the greatest improvements.
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. Although Edgewater Wireless believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Edgewater Wireless can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause Edgewater Wireless’ actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to access to capital markets, market forces, competition from new and existing companies and regulatory conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. Edgewater Wireless undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
